US Revokes Iran Oil License After Hormuz Tanker Attacks
The revocation closes a sanctions workaround that let a narrow set of buyers keep taking Iranian crude, with tanker attacks in the Strait of Hormuz providing the trigger.
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The revocation closes a sanctions workaround that let a narrow set of buyers keep taking Iranian crude, with tanker attacks in the Strait of Hormuz providing the trigger.
The move ends the carve-out that had let Tehran keep crude flowing to select buyers, accelerating a supply shock into an OPEC+ market already pricing in tighter Q3 barrels.
The license revocation hits roughly 1.5 million barrels a day of sanctioned crude already moving through opaque channels, and the supply shock is landing straight on top of an inflation fight the Fed…
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